Deka Immobilien sells major office complex in Düsseldorf

German fund manager Deka Immobilien has announced the sale of the Duo office complex in the eastern part of Düsseldorf to US-based Harbert Management Corporation's European Real Estate Fund IV.

Financial details were kept confidential.

The asset, which was owned by Deka's ImmobilienEuropa open-ended real estate fund, consists of a low-rise building and a skyscraper of 18 floors with a total rentable space of 34,000 m2 and 431 parking spaces.

The buildings were developed in 1993, with the low-rise building refurbished in 2012/13. The property is multi let to three occupiers.

The sale comes close on the heels of Deka's purchase last month of an office scheme in Rotterdam (pictured) for €57 mln.


Latest news

Best read stories